Barings LLC Buys 5,200 Shares of Corelogic Inc (CLGX)
Barings LLC grew its stake in Corelogic Inc (NYSE:CLGX) by 34.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,100 shares of the business services provider’s stock after buying an additional 5,200 shares during the period. Barings LLC’s holdings in Corelogic were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of CLGX. JPMorgan Chase & Co. grew its stake in Corelogic by 26.7% during the first quarter. JPMorgan Chase & Co. now owns 2,525,118 shares of the business services provider’s stock worth $114,211,000 after purchasing an additional 532,291 shares during the period. Acadian Asset Management LLC acquired a new stake in Corelogic during the second quarter worth approximately $13,335,000. Mackay Shields LLC acquired a new stake in Corelogic during the first quarter worth approximately $8,595,000. BlackRock Inc. grew its stake in Corelogic by 2.3% during the first quarter. BlackRock Inc. now owns 7,133,818 shares of the business services provider’s stock worth $322,663,000 after purchasing an additional 158,953 shares during the period. Finally, Sei Investments Co. grew its stake in Corelogic by 601.6% during the first quarter. Sei Investments Co. now owns 166,913 shares of the business services provider’s stock worth $7,550,000 after purchasing an additional 143,124 shares during the period. 91.81% of the stock is owned by institutional investors.
Several equities research analysts recently commented on CLGX shares. Compass Point raised Corelogic from a “sell” rating to a “neutral” rating and raised their target price for the stock from $42.00 to $46.00 in a research note on Friday, April 27th. ValuEngine raised Corelogic from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Zacks Investment Research cut Corelogic from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Wells Fargo & Co raised their target price on Corelogic from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, June 25th. Finally, Wolfe Research began coverage on Corelogic in a report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $50.11.
Corelogic (NYSE:CLGX) last announced its quarterly earnings results on Wednesday, July 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.20. The business had revenue of $488.40 million for the quarter, compared to analyst estimates of $476.74 million. Corelogic had a return on equity of 20.14% and a net margin of 9.74%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. equities research analysts anticipate that Corelogic Inc will post 2.41 earnings per share for the current year.
In other Corelogic news, Director Mary Lee Widener sold 625 shares of the stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $48.19, for a total value of $30,118.75. Following the transaction, the director now owns 9,319 shares in the company, valued at $449,082.61. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.
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